Exceeded his authority in purchasing the desk

Assignment Help Operation Management

Reference no: EM13778862

Ames, an agent for Baker Antiques, had the authority to purchase early 20th-century American furniture costing a maximum of $1,500 per piece. Ames bought a 19th-century French desk for $3,000 from Carter. Baker was furious when she saw the desk, and she fired Ames. Nevertheless, she put the desk on display in the shop with a $5,000 price tag. When the best offer she got for the desk was $2,500, Baker returned the desk to Carter. Baker told Carter that Ames had exceeded his authority in purchasing the desk, and she demanded that Carter refund the $3,000 that Ames had paid for the desk. Will Carter have to do so? Is that fair?

Reference no: EM13778862

Questions Cloud

The total cost of the optimal solution : An air-conditioning manufacturer produces room air conditioners at plants in Houston, Phoenix, and Memphis. These are sent to regional distributors in Dallas, Atlanta, and Denver. The shipping costs vary, and the company would like to find the least-..

Effective gross income-what is the property value : You are valuing a 14,000 square foot building that rents for $18 per square foot per year. If vacancy and collection loss is 5 percent and operating expenses are 25 percent of effective gross income. What is the net operating income? If the "cap" rat..

Concepts that make up the discipline of ethics : Identify the basic themes, topics, and concepts that make up the discipline of ethics. What are the themes or ideas that unite the different ethical theories? What is it that ethics aims to explain?

What is the value of the mortgage : A mortgage paying 6 percent interest has a present value of $200,194.94 with monthly payments of $1,200 for the next 360 months. If the interest rates increase to 8 percent, what is the value of the mortgage? If interest rates decrease to 4 percent, ..

Exceeded his authority in purchasing the desk : Ames, an agent for Baker Antiques, had the authority to purchase early 20th-century American furniture costing a maximum of $1,500 per piece. Ames bought a 19th-century French desk for $3,000 from Carter. Baker was furious when she saw the desk, and ..

Imminent dangers and osha inspections : Define "imminent dangers" and discuss OSHA inspections related to these potential events and how they might differ from a routine inspection.

Pharmaceutical database effective if they are not integrated : Are Pharmaceutical databases effective if they are not integrated? For example, one can go to the Medicine Shoppe and buy a drug and then go to CVS and buy the same drug and then go to Rite Aid and buy the same drug. Provide articles

What is the estimated reliability of the component : A brake component has been in use for one year. During that time, 125 incidents have been recorded over an estimated 4,120,000 miles. It is assumed that the time to failure distribution is exponential. What is the estimated reliability of the compone..

Considered for promotion of a product-linear program : Two advertising media are being considered for promotion of a product. Radio ads cost $500 each, while newspaper ads cost $600 each. The total budget is $11,600 per week. The total number of ads should be at least 15, with at least 6 of each type.

User Account

All Pages